Financial Literacy Quiz
9 Questions I 445 Attempts I Created By kqed 1359 days ago
Do you
know your consumer rights? Try this quiz and find out!
Question Excerpt From Financial Literacy Quiz
| Q.1) | Because I need my social security number for so many things, it’s a good idea to keep my social security card in my wallet so I can show it whenever someone asks for it. |
| A. |
| B. |
| Q.2) | I received an e-mail from my bank telling me to click on a link and verify my account information. If I don’t do this, I could have problems with my account. |
| A. |
| B. |
| Q.3) | I just got my first credit card, and suddenly I’m getting all kinds of credit card offers in the mail. If I want, I can contact someone to stop sending me this junk mail. |
| A. |
| B. |
| Q.4) |
I just bought my first car and got a
loan to pay for it. Some months,
though, I have trouble making my payments. If I default on my loan, only this lender will know
about it, and some day, if I need another loan, I’ll still be able to get it
from another lender. |
| A. |
| B. |
| Q.5) | I want to know what my credit report says about my credit history, but the information is secret and I can't get a copy because only banks can see my credit report. |
| A. |
| B. |
| Q.6) | I received a lot of money for my graduation, and I want to go to the mall to buy a new laptop. Even though I have the cash, it might still be better to use my credit card to pay for the laptop. |
| A. |
| B. |
| Q.7) | If I’m late in paying my credit card bill, I may have to pay a late fee in addition to interest charges, and my interest rate may also increase. |
| A. |
| B. |
| Q.8) | I received an e-mail from a stranger in a foreign country telling me that he has inherited about $15 million from his uncle, but cannot get the money out because of complicated rules. He promises that if I send him $500 to help him, I’ll be guaranteed a percentage of the inheritance. Since the e-mail sender knew my name and e-mail address, I can trust him. |
| A. |
| B. |
| Q.9) | I received a pre-approved credit offer, but I already have a credit card and don’t want another one. I should shred the offer before I throw it out, because it might contain personal information that could be used for identity theft. |
| A. |
| B. |
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